Financial Ratios Chesapeake Financial Shares, Inc.

Equities

CPKF

US16517A1097

Banks

Market Closed - OTC Markets Other stock markets 02:46:51 2024-09-06 pm EDT			5-day change	1st Jan Change
18.50 ^USD	+1.37%		+1.07%	+1.09%

Jul. 23	Chesapeake Financial Declares Quarterly Dividend, Payable on or Before September 15, 2024	CI
Jul. 16	Chesapeake Financial Shares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: CHESAPEAKE FINANCIAL SHARES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	28.52M	28.92M	32.94M	33.18M	41.24M
Interest Income On Investments	9.15M	9.64M	11.97M	14.1M	18.71M
Interest Income, Total	37.67M	38.56M	44.9M	47.28M	59.95M
Interest On Deposits	7.89M	4.67M	2.57M	1.75M	15.25M
Total Interest On Borrowings	246K	380K	779K	1.45M	3.08M
Interest Expense, Total	8.14M	5.05M	3.35M	3.19M	18.33M
Net Interest Income	29.53M	33.51M	41.55M	44.08M	41.61M
Trust Income	3.97M	4.04M	4.39M	4.07M	3.98M
Total Mortgage Banking Activities	-	3.43M	2.78M	1.68M	874K
Gain (Loss) on Sale of Invest. & Securities - (Rev)	1.89M	1.22M	730K	-1.14M	-2.88M
Total Other Non Interest Income	14.73M	10.92M	11.41M	17.58M	20.32M
Non Interest Income, Total	20.58M	19.62M	19.31M	22.19M	22.29M
Revenues Before Provison For Loan Losses	50.12M	53.14M	60.87M	66.28M	63.9M
Provision For Loan Losses	525K	1.95M	-400K	700K	790K
Total Revenues	49.59M	51.19M	61.27M	65.58M	63.11M
Salaries And Other Employee Benefits	20.71M	21.88M	22.96M	24.72M	27.49M
Amort. of Goodwill & Intang. Assets	-	-	-	-	147K
Federal Deposit Insurance	-	-	-	-	625K
Selling General & Admin Expenses, Total	5M	4.88M	5.93M	6.28M	14.99M
(Income) Loss on Real Estate Property	268K	66.98K	400K	69.78K	29.07K
Total Other Non Interest Expense	10.31M	10.57M	14.66M	14.06M	7.49M
Non Interest Expense, Total	36.29M	37.39M	43.95M	45.12M	50.77M
EBT, Excl. Unusual Items	13.3M	13.8M	17.31M	20.45M	12.34M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	13.3M	13.8M	17.31M	20.45M	12.34M
Income Tax Expense	1.9M	2.05M	2.3M	2.82M	2.22M
Earnings From Continuing Operations	11.4M	11.75M	15.01M	17.63M	10.12M
Net Income to Company	11.4M	11.75M	15.01M	17.63M	10.12M
Net Income - (IS)	11.4M	11.75M	15.01M	17.63M	10.12M
Net Income to Common Incl Extra Items	11.4M	11.75M	15.01M	17.63M	10.12M
Net Income to Common Excl. Extra Items	11.4M	11.75M	15.01M	17.63M	10.12M
Per Share Items
Net EPS - Basic	2.31	2.41	3.11	3.74	2.15
Basic EPS - Continuing Operations	2.31	2.41	3.11	3.74	2.15
Basic Weighted Average Shares Outstanding	4.93M	4.88M	4.82M	4.72M	4.71M
Net EPS - Diluted	2.29	2.4	3.11	3.73	2.15
Diluted EPS - Continuing Operations	2.29	2.4	3.11	3.73	2.15
Diluted Weighted Average Shares Outstanding	4.97M	4.91M	4.83M	4.73M	4.71M
Normalized Basic EPS	1.69	1.77	2.25	2.71	1.64
Normalized Diluted EPS	1.67	1.76	2.24	2.7	1.64
Dividend Per Share	0.49	0.5	0.53	0.58	0.6
Payout Ratio	21.09	20.77	16.99	15.52	28.13
Supplemental Items
Effective Tax Rate - (Ratio)	14.32	14.83	13.3	13.81	18.02
Current Domestic Taxes	-	2.27M	2.22M	3.21M	2.08M
Total Current Taxes	1.9M	2.27M	2.22M	3.21M	2.08M
Total Deferred Taxes	8.41K	-225K	86.75K	-388K	140K
Normalized Net Income	8.31M	8.62M	10.82M	12.78M	7.71M
Non-Cash Pension Expense	325K	423K	460K	420K	285K
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	829K	796K	799K	912K	915K
Total Stock-Based Compensation	829K	796K	799K	912K	915K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	46.8M	69.65M	20.79M	26.4M	36.24M
Investment Securities, Total	188M	324M	444M	296M	255M
Mortgage Backed Securities	107M	134M	162M	162M	241M
Total investments	295M	458M	606M	458M	496M
Gross Loans	536M	604M	671M	741M	821M
Allowance For Loan Losses	-5.07M	-7.28M	-6.79M	-7.51M	-7.88M
Net Loans	531M	596M	665M	733M	813M
Gross Property Plant And Equipment	-	41.04M	44.27M	47.07M	46.34M
Accumulated Depreciation	-	-20.28M	-21.49M	-23.21M	-24.33M
Net Property Plant And Equipment	18.26M	20.76M	22.78M	23.86M	22.01M
Goodwill	-	-	-	-	5.29M
Loans Held For Sale	1.48M	2.53M	618K	-	-
Accrued Interest Receivable	3.58M	6.26M	6.25M	5.86M	6.51M
Restricted Cash	1.94M	-	-	-	-
Other Current Assets, Total	27.37M	16.88M	26.38M	27.24M	32.94M
Deferred Tax Assets Long-Term (Collected)	294K	-	-	15.21M	11.49M
Other Real Estate Owned And Foreclosed	4.38M	4.21M	1.28M	971K	839K
Other Long-Term Assets, Total	28.04M	29.67M	37.02M	38.35M	46.98M
Total Assets	958M	1.2B	1.39B	1.33B	1.47B
Liabilities
Accrued Expenses, Total	6.89M	6.21M	9.46M	11.56M	17.44M
Interest Bearing Deposits	622M	717M	788M	801M	932M
Institutional Deposits	39.61M	35.31M	23.37M	21.77M	58.1M
Non-Interest Bearing Deposits	177M	267M	314M	344M	276M
Total Deposits	839M	1.02B	1.12B	1.17B	1.27B
Short-Term Borrowings	-	50M	99.05M	45.98M	62.43M
Current Portion of Leases	123K	75.84K	81.88K	115K	119K
Long-Term Debt	-	-	20M	20M	20M
Federal Home Loan Bank Debt - Long-Term	-	-	-	-	-
Long-Term Leases	1.19M	928K	851K	738K	648K
Trust Preferred Securities (BS)	5.16M	5.16M	5.16M	5.16M	5.16M
Accrued Interest Payable	386K	198K	113K	144K	734K
Total Liabilities	853M	1.08B	1.26B	1.25B	1.37B
Common Stock, Total	24.51M	23.99M	23.48M	23.42M	23.39M
Additional Paid In Capital	19.58M	17.67M	14.81M	14.07M	14.07M
Retained Earnings	55.05M	64.36M	76.82M	91.71M	98.58M
Comprehensive Income and Other	6.31M	16.66M	11.03M	-50.13M	-37.49M
Total Common Equity	105M	123M	126M	79.07M	98.54M
Total Equity	105M	123M	126M	79.07M	98.54M
Total Liabilities And Equity	958M	1.2B	1.39B	1.33B	1.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.9M	4.8M	4.7M	4.68M	4.68M
ECS Total Common Shares Outstanding	4.9M	4.8M	4.7M	4.68M	4.68M
Book Value / Share	21.51	25.57	26.86	16.88	21.06
Tangible Book Value	105M	123M	126M	79.07M	93.25M
Tangible Book Value Per Share	21.51	25.57	26.86	16.88	19.93
Average Assets	932M	1.11B	1.31B	1.34B	1.38B
Total Debt	6.47M	56.16M	125M	71.99M	88.35M
Deposits at Interest - Cash	33.67M	55.3M	2.19M	1.55M	1.82M
Debt Equivalent of Unfunded Proj. Benefit Obligation	325K	748K	1.21M	1.63M	1.91M
Net Debt	-40.33M	-13.49M	104M	37.47M	43.21M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	11.4M	11.75M	15.01M	17.63M	10.12M
Depreciation, Depletion & Amortization	1.62M	1.51M	1.59M	1.88M	2.12M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	147K
Total Depreciation, Depletion & Amortization	1.62M	1.51M	1.59M	1.88M	2.27M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-779K	-2.77M	-2.04M	-916K	-129K
(Gain) Loss On Sale of Asset - (CF)	268K	66.98K	400K	69.78K	29.07K
(Gain) Loss on Sale of Investments - (CF)	-109K	941K	3.02M	7.22M	2.75M
Provision for Credit Losses	525K	1.95M	-400K	700K	700K
Stock-Based Compensation (CF)	379K	346K	349K	412K	365K
Net (Increase) Decrease in Loans Originated / Sold - Operating	-393K	1.72M	3.96M	1.53M	129K
Changes in Accrued Interest Receivable	-21.93K	-2.68M	6.44K	398K	-649K
Changes in Accrued Interest Payable	39.73K	-189K	-84.76K	31.18K	590K
Change in Other Net Operating Assets (Collected)	-700K	-3.34M	745K	-301K	-7.44M
Other Operating Activities	-546K	-415K	2.31M	-517K	3.5M
Cash from Operations	11.68M	8.89M	24.86M	28.14M	12.23M
Capital Expenditure	-1.92M	-4.59M	-3.51M	-2.89M	-139K
Cash Acquisitions	-	-	-	-	-12.01M
Sale (Purchase) of Real Estate Properties (Collected)	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-68.87M	-151M	-160M	74.79M	-24.75M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-28.01M	-67.21M	-67.74M	-77.62M	-81.21M
Other Investing Activities, Total	686K	10.31M	-10.87M	-868K	3.04M
Cash from Investing	-98.12M	-213M	-242M	-6.58M	-115M
Short Term Debt Issued, Total	-	50M	37M	-	12M
Long-Term Debt Issued, Total	-	-	20M	-	-
Total Debt Issued	-	50M	57M	-	12M
Short Term Debt Repaid, Total	-	-	-	-67M	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-67M	-
Issuance of Common Stock	419K	193K	156K	162K	-
Repurchase of Common Stock	-1.24M	-3.14M	-4.06M	-1.58M	-640K
Common Dividends Paid	-2.4M	-2.44M	-2.55M	-2.74M	-2.85M
Common & Preferred Stock Dividends Paid	-2.4M	-2.44M	-2.55M	-2.74M	-2.85M
Net Increase (Decrease) in Deposit Accounts - (CF)	89.93M	180M	105M	41.27M	99.74M
Other Financing Activities, Total	-	-	12.05M	13.93M	4.45M
Cash from Financing	86.71M	225M	168M	-15.95M	113M
Net Change in Cash	268K	20.92M	-48.86M	5.61M	9.85M
Supplemental Items
Cash Interest Paid	8.1M	5.24M	3.43M	2.79M	17.74M
Cash Income Tax Paid (Refund)	1.36M	2.11M	2.14M	2.88M	1.62M
Net Debt Issued / Repaid	-	50M	57M	-67M	12M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.26	1.09	1.16	1.3	0.72
Return On Equity %	11.5	10.3	12.07	17.18	11.4
Return on Common Equity	11.5	10.3	12.07	17.18	11.4
Shareholders Value Added	-491K	-1.94M	81.31K	5.32M	-390K
Margin Analysis
SG&A Margin	51.85	52.27	47.16	47.26	67.31
Net Interest Income / Total Revenues %	59.55	65.47	67.83	67.23	65.93
EBT Excl. Non-Recurring Items Margin %	26.83	26.95	28.26	31.19	19.56
Income From Continuing Operations Margin %	22.99	22.95	24.5	26.88	16.03
Net Income Margin %	22.99	22.95	24.5	26.88	16.03
Net Avail. For Common Margin %	22.99	22.95	24.5	26.88	16.03
Normalized Net Income Margin	16.77	16.84	17.66	19.49	12.22
Asset quality
Nonperforming Loans / Total Loans %	0.76	1.28	0.81	0.61	0.16
Nonperforming Loans / Total Assets %	0.42	0.64	0.39	0.34	0.09
Nonperforming Assets / Total Assets %	0.88	0.99	0.49	0.42	0.14
NPAs / Loans and OREO	1.56	1.96	1	0.74	0.26
NPAs / Equity	8.01	9.71	5.34	6.98	2.16
Allowance for Credit Losses / Net Charge-offs %	927.52	-2.84K	7.87K	-39.17K	3.39K
Allowance for Credit Losses / Nonperforming Loans %	124.92	94.55	124.46	165.19	611.55
Allowance for Credit Losses / Total Loans %	0.95	1.21	1.01	1.01	0.96
Provision for Loan Losses / Net Charge-offs %	95.97	-761.81	-463.18	-3.65K	339.87
Interest Income / Average Assets	4.04	3.47	3.42	3.53	4.33
Interest Expense / Average Assets	0.87	0.45	0.26	0.24	1.32
Net Interest Income / Average Assets	3.17	3.01	3.17	3.3	3
Non Interest Income / Average Assets	2.21	1.76	1.47	1.66	1.61
Non Interest Expense / Average Asset	3.89	3.36	3.35	3.37	3.67
Capital And Funding
Total Average Common Equity / Total Average Assets %	10.93	10.55	9.6	7.56	6.34
Total Average Equity / Total Average Assets %	10.93	10.55	9.6	7.56	6.34
Total Equity + Allowance for Loan Losses / Total Loans %	20.61	21.53	19.8	11.69	12.96
Gross Loans / Total Deposits %	63.9	59.21	59.67	63.52	64.85
Net Loans / Total Deposits %	63.29	58.5	59.07	62.88	64.23
Tier 1 Capital Ratio %	15	14	12.3	13	11.3
Total Capital Ratio %	16	15.2	15.2	15.9	13.8
Core Tier 1 Capital Ratio	14.3	13.4	11.8	12.5	10.8
Coverage Ratio	58.11	80.49	197.51	179.82	-
Leverage Ratio %	11	9.4	8.9	9.6	9.1
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	55.18	37.28	23.21	15.15	5
EBT + Interest Expense / Interest Expense	2.63	3.73	6.17	7.41	1.67
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	7.11	13.48	24	6.09	-5.6
Non Interest Income, 1 Yr. Growth %	11.22	-4.66	-1.59	14.91	0.44
Provision For Loan Losses, 1 Yr. Growth %	0	271.43	-120.51	-275	12.86
Total Revenues, 1 Yr. Growth %	8.86	3.22	19.69	7.03	-3.76
Earnings From Cont. Operations, 1 Yr. Growth %	5.35	3.08